Company fleets petrol prices and fuel duty

Fuel – it’s in the headlines every day it seems. Petrol prices, strikes, fuel duty, we just can’t get enough. With new stories released every day its hard to keep up. As company car drivers and fleet managers its a topic you need to keep on top of! So what’s the latest?

Although we love electric cars for their environmentally friendliness and financial benefits, it looks as though they could force the government to rise fuel duty by 50% –

“A report commissioned by the RAC Foundation suggests that increasing use of more fuel-efficient cars and electric vehicles could create a £13 billion shortfall in government revenues.To fill this gap, ministers could be forced to introduce massive fuel duty hikes, according to the report. Fuel duty currently makes up 1.7% of the UK’s gross domestic product (GDP). However, this figure is expected to drop to 1.1% by 2029.”

0 Comments

Your email address will not be published. Required fields are marked *

Comment

Name*

Email*

Website

Title

Notify me of follow-up comments by email.

Notify me of new posts by email.

About Multifleet

Multifleet Vehicle Management Ltd,is part of the Forward Group PLC's portfolio of businesses - a UK based private equity fund. It is this purchasing scale that enables us to deliver a significant range of benefits to fleets of all sizes through its Fleet Management Service runyourfleet.com